2223 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409
$8,250,000
Property Type:
Commercial Sale
Square Footage:
27,200
Lot Size (sq. ft.):
75,794
Status:
Active Under Contract
Current Price:
$8,250,000
List Date:
9/03/2025
Last Modified:
3/11/2026
Description
The multi-tenant retail storefront is operating with two main units. The building was completely renovated between 2017-2018, roof(2018), and new HVAC's(2025).
The first unit (Previously Rock Fitness : 16,000 SF) is vacant and we have had interest from prospective tenants at market rents. The second unit (Furniture Direct : 11,200 SF) is operating and has 3 years remaining on their initial 10 year lease (ending October 2028), which they would like to renew and are amenable to increase their rent to market value. They currently on a NNN lease with 4% annual increases, plus monthly CAM.
The 1.74 AC : 76,230 SF Lot, zoned GC, has a wide range of permitted uses. Included but not limited to department store, religious centers, gyms, spas, multifamily, supermarkets, and recreational uses
More Information MLS# R11120696
Contract Information
Comp Sale YN: No
Listing Contract Date: 2025-09-01
Status: Active Under Contract
Original List Price: 8750000
List Price: $8,250,000
Current Price: $8,250,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: West Palm Beach
Postal Code: 33409
Geographic Area: PB23
Multiple Offers Accepted: Yes
Property Description: Multi-Tenant
Country: United States
Street Number: 2223
Street Name: Palm Beach Lakes
Street Suffix: Boulevard
State Or Province: FL
Area: 5410
Parcel Number: 74434319110000030
Zoning: GC(cit
Directions: Located on the north side of Palm Beach Lakes Boulevard just West of I-95 before Okeechobee Boulevard. Directly next door to Park Avenue Grill and across the street from Twin Peaks.
General Property Information
Lot Size Area: 75794.4
Stories: 1
Property Sub Type: Retail
Building Area Main: 27200
Building Area Source: Public Records
Year Built: 1980
Lot Size Acres: 1.74
Currently Not Used
Number Of Units Total: 2
Office/Member Information
DXORIGMLSID: RML
Electric
200+ Amp Service: 1
220 Volts: 1
Separate Meters: 1
Three Phase: 1
Flooring
Concrete: 1
Property Condition
Resale: 1
Documents Available
Copy Of Lease(s): 1
Existing Survey: 1
Photos: 1
Title/Abstracts: 1
Structure Type
Retail: 1
Tenant Pays
Common Area Maintenance: 1
Insurance: 1
Maintenance: 1
Taxes: 1
Location of Property
Central Business District: 1
City Location: 1
County Location: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Building and Property Details
# Of Toilets: 8
% Air Conditioned: 100
Maximum Ceiling Height: 14
Building Features
Free Standing: 1
Rear Access: 1
Separate Office Area: 1
Showroom: 1
Business Type
Commercial: 1
Ceiling
Ceiling Height Varies: 1
Exposed: 1
Suspended: 1
Common Area Maintenance Includes
Exterior Electric: 1
Grounds/Plants: 1
Outside Insurance: 1
Real Estate Tax: 1
Sales Tax: 1
Water: 1
Heating
Central Individual: 1
Electric: 1
Sale Includes
Building: 1
Land: 1
Sprinkler Description
Other Sprinkler: 1
Construction Materials
Block: 1
CBS: 1
Concrete: 1
Listing Terms
Cash: 1
Conventional: 1
Trade: 1
Lot Features
Landscaped: 1
Roof
Built-Up: 1
Steel Joist: 1
Other: 1
Security Features
Fire Alarm: 1
Fire Sprinkler System: 1
Water Source
Public: 1
Cooling
Ceiling Fan(s): 1
Central Individual: 1
Electric: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Occupied: 1
Text Listing Agent: 1
Traffic Type
Heavy: 1
Contingencies
None: 1
Price Calculations
Current Price To SqFt: 303.3
Financial Information
Tax Annual Amount: 78788.2
Tax Year: 2024
Tax Legal Description: PALM BEACH COMMERCIAL PL 3 LTS 3 & 4
Status Change Information
Major Change Timestamp: 2025-12-05T15:56:03Z
Major Change Type: Status Change
Price Change Timestamp: 2025-10-14T13:05:27Z
Status Change Date: 2025-12-05
Under Contract Type: Active Under Contract
Under Contract Date: 2025-12-03
Originating Details
Originating System Key: 20250901204547589289000000
Originating System ID: M00000170
Property Features
Building Features: Free Standing; Rear Access; Separate Office Area; Showroom
Business Type: Commercial
Ceiling: Ceiling Height Varies; Exposed; Suspended
Common Area Maintenance Includes: Exterior Electric; Grounds/Plants; Outside Insurance; Real Estate Tax; Sales Tax; Water
Documents Available: Copy Of Lease(s); Existing Survey; Title/Abstracts
Electric: 200+ Amp Service; 220 Volts; Separate Meters; Three Phase
Flooring: Concrete
Heating: Central Individual; Electric
Location of Property: Central Business District; City Location; County Location
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Building; Land
Sprinkler Description: Other Sprinkler
Tenant Pays: Common Area Maintenance; Insurance; Maintenance; Taxes
Construction Materials: Block; CBS; Concrete
Cooling: Ceiling Fan(s); Central Individual
Listing Terms: Cash; Conventional; Trade
Lot Features: Landscaped
Traffic Type: Heavy
Roof: Built-Up; Steel Joist; Other
Security Features: Fire Alarm; Fire Sprinkler System
Sewer: Public Sewer
Structure Type: Retail
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only; Occupied; Text Listing Agent
Contingencies: None
Documents
Costar Underwriting Report ›
Floor Plan ›
Listing Office:
Keller Williams Realty/P B
Last Updated: March - 11 - 2026
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